Man Group (LON:EMG) Sets New 1-Year High – Time to Buy?

Man Group Plc (LON:EMG)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 306.60 and last traded at GBX 306.40, with a volume of 4853667 shares changing hands. The stock had previously closed at GBX 298.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 280 price target on shares of Man Group in a research report on Friday, April 24th. Citigroup lowered their price objective on shares of Man Group from GBX 290 to GBX 285 and set a “neutral” rating for the company in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft cut Man Group to a “hold” rating and upped their target price for the stock from GBX 295 to GBX 310 in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 271.

Man Group Stock Performance

The company has a quick ratio of 1.58, a current ratio of 0.95 and a debt-to-equity ratio of 18.04. The stock has a market cap of £3.43 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of -1.15 and a beta of 0.64. The company has a 50 day simple moving average of GBX 280.66 and a 200 day simple moving average of GBX 263.57.

Insider Buying and Selling

In related news, insider Colin Bell acquired 18,050 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of GBX 276 per share, for a total transaction of £49,818. Also, insider Laurie Fitch acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average cost of GBX 285 per share, with a total value of £42,750. Company insiders own 7.70% of the company’s stock.

Man Group Company Profile

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers’ capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.